$4500 Logan in NC...

Right down the road from my old house.
 
It looks and sounds like a well cared for machine. The major problem as I see it is that it's a combination of several machines. It has parts from several machines from different era's, and has had modifications to the drive, carriage, and gear box. That might not be a problem if it comes with all the necessary documentation. However without it you could certainly have problems finding replacement parts should they be needed.

I'm sure the owner has put a lot of time and money into the machine, and is quite proud of it. However that's a hefty asking price for a nearly 75 year old machine.
 
It's a beautiful machine though.
But, pretty does not a machinist make.
 
Was it scraped in for accuracy as the work was done?
Doubt it.
 
Nice looking Logan, but with a $4500.00 lathe budget, a buyer has lots of options.
 
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